Monday, October 19, 2026
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Opinion: Government must speed up its road safety plans

Statement by Jarion Richardson, Shadow Minister of National Security:

Bermuda has now recorded its fifteenth road death of 2026. A 30-year-old man died following the collision near Somerset Bridge and another person was seriously injured. The Opposition of Bermuda extends our sincere condolences to the family and friends of the man who lost his life, and our thoughts are also with those injured and everyone affected by the collision. We do not know what caused that incident, and it would be wrong to use the grief of those involved to make claims the facts do not support.

What we do know is that the wider problem is well established. The Judiciary has called for a coordinated road-traffic strategy covering legislation, enforcement, infrastructure, education, data and measurable safety targets. More recently, Magistrate Auralee Cassidy dealt with a 21-year-old who admitted travelling at 99km/h. He received a $500 fine and seven demerit points, and she reportedly said she would have imprisoned him for travelling at that speed if the law had allowed it. That does not settle what every sentence should be, but it does show that questions about the adequacy of the present law are real.

That was part of the reason I brought the Road Traffic and Motor Car (Road Safety and Penalties) Amendment Bill to Parliament. It was never meant to be the whole answer. It dealt with the legislative part of the problem: allowing properly controlled sobriety checkpoints without advance public notice, strengthening penalties and disqualification periods, etc.

There was more agreement around those principles than the later political debate sometimes suggested. In July, the Royal Gazette editorial welcomed the different road-safety measures then being proposed and specifically supported unannounced sobriety checks and stronger penalties, while also making the point that enforcement, roads and administration all have to work together.

When the Bill could not proceed following the Speaker’s ruling, I accepted that ruling. Rather than use Motion to Adjourn to argue the ruling, I used that contribution to ask the question that mattered once the Bill was gone: what happens next? The proposed solution is disposed of, but not the state of the roads.

There was a useful indication from Government that night – the Premier said there should be a legislative route on which the House could collaborate. The Government offered to jointly author a motion for debate in Parliament. The Opposition made clear that we do not think more talking is needed. There is already drafted legislation. Government can take it up, amend it, use what it agrees with, reject what it does not, or bring something better.

Collegial engagement is one thing; urgent action is another. And now that Parliament can’t act, it’s for the Government to bring forth the legislation as well as other actions.

On the Motion to Adjourn, I asked Government to publish its road-safety plan, identify the baseline for its 2030 target, set milestones before 2030, say which ministries and agencies are responsible, and publish dates, costs and performance measures. I also asked for a 90-day action plan. Bermuda should not have to wait until 2030 to discover whether what is being done today is working.

Since then, we have learnt that Government engaged an outside consultant for six weeks to map existing road-safety activity and recommend how the different pieces should fit together. That may prove useful. There is nothing wrong with consultation or outside advice. But eventually consultation has to produce decisions, and coordination has to produce accountability.

So, the question remains: where is the plan?

If it exists, publish it. If it is still being assembled, say when it will be finished. If Government intends to bring legislation, tell Parliament what it will address and when it will arrive.

There is enough agreement now to move past another general discussion about whether road safety matters. We know it does. We know enforcement matters. We know the courts need laws they can use. We know roads, data and education matter too.

The Bill is no longer before the House. That outcome has been accepted. What we should not accept is that the work therefore stops.

We remain willing to work with Government where there is useful work to be done. We will also continue asking what is being done, who is responsible, when it will be done and how Bermuda will know whether it worked.

With fifteen people already lost on our roads this year, and an unknown number of life-changing serious injuries, those are reasonable questions.

France reels from weekend violence as mayors rebuke government for security failings

French assets were underperforming broader European markets on Monday, though moves were more contained than at some other moments of recent political tension

A person walks as flames rise during civil unrest, the day after a national day of demonstrations against the cost of living and rising fuel prices, in Paris, France, October 18, 2026. REUTERS/Abdul Saboor

International News via Reuters:

The mayors of France’s biggest cities on Monday demanded answers from the government to what they called a lack of preparation by security forces as the country licked its wounds from a weekend of rioting and looting. 

The protests followed weeks of student demonstrations with occasional bouts of street violence, rocking the country six months ahead of its next presidential election and increasing pressures over a weak economy and surging debt.

French assets were underperforming broader European markets on Monday, though moves were more contained than at some other moments of recent political tension.

Fears of tensions inside Macron’s fragile government over apparent security shortcomings — coming just as the government needs to pass a much-needed budget bill to rein in its finances — could further unsettle investors.

President Emmanuel Macron’s office said on Monday he had turned down his Interior Minister Laurent Nunez’s offer to resign, telling him instead to put an end to barricades and looting and be transparent over what Macron called “intelligence and foresight failings”.

The mayors of Paris, Marseille and Lyon said in a joint op-ed published by the newspaper Liberation that they were used to demonstrations and protests. 

“But on Saturday … for the first time, we had the feeling that whole sections of our cities had been left without protection,” the mayors — all from the centre-left — said. “We now need to patch the wounds of our cities and face up to the anger of our residents, aghast at this level of violence.” 

The start of school holidays on Monday looked likely to hand the government some immediate relief, but students were staging more gatherings and blockades in some places, including the Louvre gallery and Sciences Po university in central Paris. 

Marseille, one of the cities worst hit by the riots, put in place a ban on gatherings and demonstrations. French unions meanwhile called for a new round of national strikes and demonstrations on November 5. 

INTELLIGENCE FAILURES 

At the weekend, hundreds of thousands took to the streets to protest over what many say are declining and dysfunctional public services that leave citizens to fend for themselves amid cost-of-living pressures.

In many places including Paris, Marseille and Lyon, peaceful protests were quickly hijacked by rioters, leading to scenes of vandalism and chaos.

In Paris, at least 300 to 400 businesses were vandalised at the weekend, Dominique Restino, the head of the Paris chamber of commerce, told BFM television. 

At the Place Vendome, home to many luxury hotels and boutiques, most shops were shuttered and surrounded by security guards, according to a Reuters reporter. The front door of a Dior boutique was smashed, while the windows were damaged in the stores of various other luxury brands in central Paris, including Rolex, Louis Vuitton, Ralph Lauren and Gucci.

In Marseille, Ligue 1 club Olympique de Marseille said its official store on the city’s historic main avenue had been looted.

France deployed 60,000 police and other security forces on Saturday, Interior Minister Laurent Nunez told France Inter radio, but acknowledged that wasn’t enough to control violent crowds in “certain cities”. 

Macron’s office said on Monday that Nunez, a former Paris police chief, offered the president his resignation following the riots. 

Macron refused, but urged Nunez to urgently come up with new concepts “to put an end to the barricades and looting,” his office said.

It added that Nunez also needed to “ensure transparency regarding the failures in foresight and intelligence that led to the violence”.

European governments have advised citizens travelling to France to avoid large crowds and exercise caution.     

BOND YIELDS RISE, STOCKS DOWN 

As France was busy cleaning up its streets, Macron arrived in Kuwait for a Gulf trip aimed at securing additional petrol and diesel supplies to bring down pump prices. 

Cost-of-living issues were also front and centre during numerous demonstrations and protests staged in other European countries including Italy, Belgium and Albania on the weekend, with high fuel prices, largely resulting from the Iran war, adding to pain for many people.  

In France, a town hall was torched, shops pillaged and buildings covered in graffiti on Saturday as violent groups clashed with police throughout the country. 

French shares were among the worst performers on the European market on Monday, as the CAC 40 fell 1.3% in early session trade. A slide in bond prices meanwhile pushed France’s 10-year yield up 8 basis points to 4.86%,.

“The modest recovery in French spreads over the last week or so will be tested today,” Jim Reid, an analyst from Deutsche Bank, said in a note.    

Reporting by Zhifan Liu, Tassilo Hummel, Elizabeth Pineau and Alessandro Parodi in Paris, Sudip Kar-Gupta in Brussels, Amanda Cooper and Alun John in London; Writing by Tassilo Hummel; Editing by Clarence Fernandez, Aidan Lewis

Twelve migrants, including infant, drown as boats capsize off Greek islands

Five men and one woman died after a speedboat carrying migrants from Turkey made a sudden manoeuvre and overturned roughly four nautical miles north of Samos

A boat that was carrying migrants is seen alongside a Greek Coast Guard patrol vessel following a collision in which six migrants died, off Lesbos, Greece, October 19, 2026. Hellenic Coast Guard/Handout via REUTERS

International News via Reuters:

Twelve migrants drowned in two separate incidents off the Greek islands of Lesbos and Samos in the northeastern Aegean Sea on Monday, after their boats capsized as the coast guard chased them, authorities said. 

Five men and one woman died after a speedboat carrying migrants from Turkey made a sudden manoeuvre and overturned roughly four nautical miles north of Samos, the Greek coast guard said.

Fourteen men survived and a search-and-rescue operation was under way. Authorities arrested one of the survivors, an Iranian national, on suspicion of migrant smuggling.

Earlier, four men, one woman and an infant died when their boat collided with a Greek coast guard vessel and overturned off the area of Agrilia in Lesbos. Eight survivors were taken to hospital.

Authorities arrested a 37-year-old Turkish national who was among the eight survivors and identified him as the suspected smuggler and operator of the boat.

The government vowed “zero tolerance” towards migrant smugglers, whom it blamed for the deaths.

On the incident off Lesbos, Greece’s shipping minister Vassilis Kikilias said evidence so far indicated the speedboat struck the left side of a coast guard vessel with its bow, adding that the exact circumstances were under investigation.

“Our position is non-negotiable: zero tolerance for smugglers,” he said in a post on X.

Greece, for years a favoured gateway to Europe for migrants and refugees from the Middle East, Africa and Asia, was at the front line of Europe’s migration crisis in 2015-2016 and nearly 1 million people landed on its islands, mainly from Turkey.

It has since toughened its stance and has been accused by human rights groups of forcibly returning migrants and asylum-seekers on its sea and land borders, a practice it denies, saying its coast guard acts with full respect for human lives and rights.

Reporting by Renee Maltezou and Antonis Pothitos; Editing by Lincoln Feast and Xevi Fontdegloria

BoE looks into claim Barclays private credit exposure misrepresented, FT reports

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The complaint centred on Barclays’ allocation of total return swaps referencing illiquid private credit loans to its trading book

Barclays logo is seen in this illustration taken January 7, 2026. REUTERS/Dado Ruvic/Illustration

International News via Reuters:

The Bank of England is examining whether Barclays traders misrepresented illiquid private credit loans to understate their risk after an insider at the British bank raised concerns, the Financial Times reported on Monday.

The report, which cited people familiar with the matter, said that the Prudential Regulation Authority received a complaint earlier this year about how Barclays was recording derivatives used to finance private credit loans.

The Bank of England declined to comment on the report.

The complaint centred on Barclays’ allocation of total return swaps referencing illiquid private credit loans to its trading book, the FT report said, without disclosing an amount for it. 

Barclays shares were down 2.6% to 421.4 pence at 0750 GMT on Monday, while the FTSE 100 index was 0.9% lower.

“Barclays takes seriously its regulatory obligations in markets where it operates,” the bank said in an emailed statement to Reuters. It declined to comment further on its interactions with the regulator.

The FT said the complaint also alleged that the way Barclays handled the deals was in breach of the PRA’s rules, which restrict banks from assigning derivatives backed by illiquid collateral to their trading book, unless they can supply enough evidence to justify the treatment.

The regulatory concern is that classifying derivatives linked to illiquid loans as easier-to-trade investments could understate the risk of the underlying exposure and reduce the amount of money required to be set aside for potential losses.

The FT report said Barclays traders argued the exposure should be treated as a traded position because it was hedged through a matching swap with another counterparty, despite being linked to illiquid private credit loans.  

Reporting by Yamini Kalia in Bengaluru; Editing by Sonia Cheema, Janane Venkatraman and Alexander Smith

Emergency lane closure will affect motorists in Devonshire

The Ministry of Public Works and Environment advises motorists that an emergency lane closure will take place on North Shore Road near Devonshire Dock, Devonshire, to accommodate BELCO cable repairs. 

The lane closure will be in effect from Wednesday, 21 October through Friday, 23 October 2026, between 9:30 a.m. and 6:00 p.m.

Traffic will be managed by Intelligent Excavation representatives using stop-and-go signs and, where required, temporary traffic lights.

The Ministry encourages motorists to exercise caution when travelling through the area and thanks the public for its patience and cooperation while these works are carried out.

The Ministry thanks the public for its patience and cooperation while these necessary works are carried out.

Orange Route ferry service suspended

The Department of Marine and Ports Services advises the public that the Orange Ferry Route has been temporarily suspended due to deteriorating weather and sea conditions in the East End.

This suspension has been implemented in the interest of passenger and crew safety. Ferry services will remain suspended until weather and sea conditions improve and are deemed safe for operations.

Service will resume once conditions are deemed safe for operation.

The Department thanks the public for its patience and understanding.

Appeal for witnesses after death of 30-year-old motorcyclist

Sadly, the Bermuda Police Service (BPS) can now confirm Bermuda’s 15th road fatality of 2026.

A 30-year-old male motorcyclist was seriously hurt after a collision involving two other motorcyclists around 4am Saturday, 17th October 2026, along Middle Road, Sandys parish, near Somerset Bridge.

Apparently two of the riders were travelling east on Middle Road, while the other rider was travelling west on Middle Road, at that time.

Police, Bermuda Fire & Rescue Service, as well as ambulance personnel responded.

Despite life-saving efforts at the scene and being rushed to King Edward VII Memorial Hospital via ambulance, the 30-year-old man was later pronounced dead at the hospital.

A BPS Family Liaison Officer is currently assisting the deceased’s next of kin.

At last check, regarding the two other motorcyclists hurt, it is understood that:

· A 22-year-old man remains hospitalised with serious injuries.

· A 29-year-old man was later discharged from hospital, after receiving treatment.

No traffic was allowed across Somerset Bridge for approximately three hours, while the collision scene was processed.

The circumstances of this fatal collision remain under investigation.

Any witnesses, or members of the public with relevant information, are again urged to call Constable Asaph Rawlins on 717-2123, or e-mail arawlins@bps.bm, as soon as possible.

Oil slips from five-month high with Hormuz transits in focus

Brent crude futures fell $1.34, or 1.22%, to $108.52 a barrel by 1002 GMT, after settling at their highest since May 19 on Friday

Birds fly over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 20, 2026. REUTERS/Pavel Mikheyev/File Photo

International News via Reuters:

Oil prices slipped on Monday as investors booked profits from the multi-month highs hit at the end of last week, with the focus remaining on the potential for the conflicts in the Middle East and Ukraine to alter the global oil supply-demand balance. 

Brent crude futures fell $1.34, or 1.22%, to $108.52 a barrel by 1002 GMT, after settling at their highest since May 19 on Friday.

US West Texas Intermediate crude was at $101.28 a barrel, down a marginal 13 cents, or 0.13%, after ending last week at its highest since September 17.

“Ongoing strikes on vessels crossing the Strait of Hormuz and flows remaining below pre-conflict levels continue to provide support,” UBS analyst Giovanni Staunovo said. 

An oil tanker caught fire and exploded after striking a naval mine in the southern part of the Strait of Hormuz on Sunday, Iran’s Islamic Revolutionary Guard Corps said, according to Iranian media.

The increased attacks on commercial vessels cut Gulf crude flows to a seven-day average of about 8.5 million barrels per day last week from more than 20 million bpd the week before, analytics firm Kpler said in a note on Friday. At least 10 confirmed incidents involving commercial vessels were reported last week, Kpler added.

It is not a given that recent higher export volumes out of Hormuz will continue, as Iran will likely further escalate its attacks in the run up to the November 3 US midterm elections, SEB analyst Bjarne Schieldrop said. 

Egypt said it is ready to provide Saudi Arabia with the support it needs to defend its security and stability against Yemen’s Iran-allied Houthis, potentially raising the stakes in the Middle East war.

Meanwhile, US President Donald Trump on Friday signed an executive order waiving some sanctions and tariffs related to Russian exports.

The waiver comes after Trump struck a deal with Russian President Vladimir Putin to export diesel to the United States and other countries — starting at about 2.3 million barrels this month before rising to about 7.6 million barrels monthly. 

Secretary of State Marco Rubio said the president will take up to 60 days to assess the impact of the sanctions and tariffs on the global economy.

“Trump’s move looks like another desperate attempt to keep oil prices in check ahead of the US midterm elections,” said Priyanka Sachdeva, head of market insight at Phillip Nova, adding that it does little to address the physical supply disruptions in the Strait of Hormuz, where oil tanker attacks continue.

Reporting by Robert Harvey in London and Florence Tan in SingaporeEditing by Kirsten Donovan

Pope Leo to hold Wednesday audience for first time since cancer surgery

The 71-year-old pontiff had an operation on October 13 to remove the lower lobe of his right lung, fuelling speculation about how his illness might change his 17-month papacy

Pope Leo appears at a window of the Apostolic Palace, in his first public event since cancer surgery, at the Vatican, October 18, 2026. REUTERS/Yara Nardi

International News via Reuters:

Pope Leo will hold a general audience with pilgrims at the Vatican on Wednesday for the first time since undergoing surgery for lung cancer, the Vatican said.

The 71-year-old pontiff had an operation on October 13 to remove the lower lobe of his right lung, fuelling speculation about how his illness might change his 17-month papacy.

Leo pledged on Sunday, in his first public event since the surgery, that he would slowly resume his usual activities as the leader of the world’s 1.4 billion Catholics.

The pope hosts a general audience with pilgrims on most Wednesdays of the year. It is held in St. Peter’s Square when there is good weather and the pope often tours the crowds, usually in the tens of thousands, in an open-top popemobile.

Leo has been diagnosed with lung adenocarcinoma, the most common form of lung cancer. The diagnosis, for the youngest pope in decades, who was elected only in May 2025, caused shock.

The pope’s doctors have said his surgery was completed successfully, without complications. They have not yet disclosed the size of the tumour or whether the disease had spread to nearby lymph nodes, key factors in determining prognosis.

The Vatican has provided no indication of Leo’s schedule beyond Wednesday.

The pope is due to visit Uruguay, Argentina and Peru from November 6 to 17, in one of the most intense trips arranged for a Catholic leader in decades, but it remains unclear if that trip will go forward.

Leo’s lead surgeon has said the pope could be fully recovered in time for the trip, but the Vatican’s secretary of state has indicated the pope may need to adjust the pace of his schedule to aid in recovery.

Reporting by Joshua McElwee, editing by Giulia Segreti and Xevi Fontdegloria

Residents trapped as torrential rain floods towns in eastern Spain

Meteorologists say human-driven climate change makes such extreme weather events more frequent and destructive

International News via Reuters:

Helicopters rescued people stranded on their rooftops as torrential rains swept across eastern Spain on Monday, causing floods that have killed at least two people and prompted authorities to issue shelter-in-place orders for more than 800,000 residents.

The downpour from Storm Adam cut off several towns along the Mediterranean coast as rivers burst their banks and streets turned into torrents, leaving scenes reminiscent of the catastrophic flooding that killed more than 230 people in the Valencia region two years ago. 

According to local officials, the bodies of two women who had drowned were found over the weekend. One of the bodies was washed up on a beach in Sagunto, Valencia, while the other woman died after being swept away by floodwaters in Cabrera de Mar, near Barcelona.

Meteorologists say human-driven climate change makes such extreme weather events more frequent and destructive.

HEAVY-DUTY VEHICLES STRUGGLE TO ACCESS SOME AREAS

The mayor of Pego, Enrique Moll, told regional radio station A Punt that several people were still waiting to be evacuated by helicopter from their rooftops. All access routes to the town were blocked and even heavy-duty military vehicles were unable to move forward in some areas, he added.     

The deputy mayor of the coastal town of Oliva, Salvador Llopis, told state broadcaster TVE on Monday that emergency services were rescuing trapped residents, particularly elderly people stuck inside their homes with water up to their waists. 

“They have to stay on top of tables and furniture to avoid getting wet,” he said, adding that the rains had started to ease after causing extensive damage to infrastructure.  

National weather agency AEMET said conditions were “extremely adverse”. Rainfall in some areas has exceeded 600 mm (24 inches) over 48 hours, the most recorded since 1987. AEMET issued several red alerts, warning local people to avoid all travel and to seek higher ground.

More than 100,000 students in Valencia have had classes suspended due to the alerts, while the central government has deployed emergency units from the military and national police.

Reporting by Emma Pinedo and Mireia Merino, Editing by David Latona and Barbara Lewis

FTSE 100 slips as banks, miners drag

The blue-chip FTSE 100 index fell 0.9% to 10,787.93 points by 0958 GMT, after three consecutive sessions of gains

A worker walks near an LSEG (London Stock Exchange Group) branded cube inside the LSEG headquarters in Paternoster Square, London, Britain, September 8, 2026. REUTERS/Toby Melville

International News via Reuters:

London’s FTSE 100 slipped on Monday after financial heavyweight Barclays fell following a media report that the Bank of England was probing the firm, while investors assessed the impact of oil prices on the economy.

The blue-chip FTSE 100 index fell 0.9% to 10,787.93 points by 0958 GMT, after three consecutive sessions of gains. The midcap FTSE 250 slipped 0.3%.

Here are more details:

• The Financial Times reported the Bank of England is examining whether Barclays traders misrepresented illiquid private credit loans to understate their risk

• Barclays shares lost 2.7%, while the heavyweight broader sector was down 1.8%

• Industrial metal miners and aerospace and defence stocks were also down about 2% each

• Brent crude futures, though down 2% on the day, were trading over $107 a barrel, keeping inflation concerns at the forefront [O/R]

• Energy shares rose 0.4%, among the only gainers on the index, besides some tech stocks

• “France apart, (European) government bond yields are stable, and oil prices have pulled back from recent highs, but both remain elevated to reflect the ongoing uncertainty around Ukraine and the Middle East,” said Russ Mould, investment director at AJ Bell

• Investors will be watching for UK September inflation and retail sales figures this week, just as they head into another earnings season

• Finance Minister John Healey’s first budget speech is due next week. Other media houses previously reported he is planning income tax on family business transfers and windfall taxes on banks.

• Serica Energy fell 2.6% after flagging a further delay to the restart of its Triton production vessel and lowering its annual production forecast

• Volex bottomed the FTSE 250 after its half-year trading update, while Pets at Home rose about 6% after Peel Hunt’s rating upgrade

Reporting by Darshan Kumar in Bengaluru; Editing by Harikrishnan Nair

Sterling hits 17-month high against euro

The euro fell and the spread between French OAT bonds and safe-haven German Bunds widened by a few basis points after France was rocked by some of its worst unrest in years

International News via Reuters:

Sterling hit a fresh 17-month high against the euro on Monday as street riots in France and elevated energy prices weighed on the single currency while recent strong economic data and fewer concerns about the UK fiscal trajectory propped up the British currency.

The euro fell and the spread between French OAT bonds and safe-haven German Bunds widened by a few basis points after France was rocked by some of its worst unrest in years, adding to concerns over political stability. At the same time, natural gas prices climbed to a four-year high.

The pound was up 0.25% at 84.11 pence per euro, after hitting 83.95 pence earlier in the session, the strongest since May 2025.

It dropped 0.05% against a broadly stronger dollar, to $1.3327.

Views on the Bank of England’s rate path were mixed after data last week showed Britain’s economy grew more strongly than expected in August.

Analysts at HSBC said sterling/dollar is likely to move lower as a hawkish Federal Reserve contrasts with what they called a still vulnerable UK economy and a reluctant Bank of England.

“US rates may remain restrictive for longer, supporting the dollar, while US activity and full employment offer a firmer foundation. By contrast, UK growth momentum is fragile,” they added.

BoE Governor Andrew Bailey said on Friday that soaring energy prices so far appear to be having only limited wider effects on British prices, but it is too soon to draw firm conclusions about how strong these second-round effects will be.

According to Commerzbank, the economy’s resilience could give the BoE room to raise rates without risking undue pressure on growth. 

Confidence that the British government can deliver growth without abandoning fiscal discipline supported the pound.

Yet recent market turmoil elsewhere suggests investors should be wary of complacency, as doubts over Britain’s fiscal trajectory could quickly undermine that confidence.

According to HSBC, the October 28 budget adds further downside risks and investors may avoid long positions in sterling until fiscal measures, gilt yields and credibility are assessed.

reporting by Stefano Rebaudo; editing by Kirsten Donovan